Bilal is a 46-year-old man who owns a small restaurant where he makes sandwiches to sell for take away and delivery. He also has a couple of tables in the restaurant. Bilal now wants to expand his business and open a section for families by adding more tables to the place and employing more people. For that reason, he has applied for this loan to buy tables and buy more food products to be able to cover his customers' needs when they come to the restaurant.
About National Microfinance Bank
Jordan is a small country located in the heart of the Middle East’s Levant region. Regional instability has caused Jordan to be excluded from global investments for decades. Additionally, a lack of natural resources—including water and energy—places tremendous strain on the Jordanian economy, over 80% of which consists of small businesses, largely in the service industry. Despite their importance in the economy, many of these businesses are excluded from the banking sector because of their size. Microfinance institutions like National Microfinance Bank offer them an opportunity to enhance and expand their businesses. NMB also offers its services to other underprivileged peoples in Jordan, providing them with loans to pursue educational goals and improve their homes and livelihoods.